Forex Trading Signals – June 28, 2017

Good morning traders, you’re watching the Primary Daily Trading Signals for Wednesday.

Bullish signals prevail across the chart for the Euro/Dollar, which sees 5 buy prompts in the short-term, 6 in the mid-term and no less than 8 in the long-term, and they indeed are very much in line with the interbank, which stands at more than 31% long.

4 studies point South on the Cable’s hourly chart, whereas the 4 and 24-hour charts bring 4 bullish signals each, but the technicals are not supported by the interbank, which is neutral at less than 13% short.

Next up is the Dollar/Yen with 6 neutral signals in the short-term and 6 green models in both the mid and long-term. As to the interbank, it is neutral at 2% short, matching the 1-hour studies.

Pound/Yen sees 5 neutral indicators on its 1-hour chart. The mid and long-term scales are mostly bullish, but the interbank is neutral at less than 5% short, and it confirms the 1-hour models.

And Euro/Yen’s hourly chart is split between green and neutral signals. The 4 and 24-hour charts turn overwhelmingly bullish with 6 and 8 studies, respectively, and they are backed up by the more than 26% long interbank stance.